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Ethiopia signs Djibouti railway deal with China

published 47 days, 13 hours, 59 minutes ago posted by

admin 47 days, 14 hours, 2 minutes ago

Ethiopia signed an agreement with a Chinese state-run firm to build the final section of a railway line that will link its capital Addis Ababa to the tiny Red Sea state of Djibouti, an official said. The deal signed late on Friday with the China Civil Engineering Construction Corporation (CCECC) covers a 339-kilometre line that will join another project to connect the capital with Djibouti. "This agreement is a contract to construct between Mieso, which is half way from Addis Ababa, to the Djibouti bor... (more)

Digg It category: Business | 2 comments | | source: www.reuters.com tags: China, construction, ethiopia, railway

Commercial Bank of Ethiopia selects IBM to modernize core banking system - Banking Business Review

published 218 days, 13 hours, 18 minutes ago posted by

admin 218 days, 13 hours, 20 minutes ago

Commercial Bank of Ethiopia (CBE) has awarded IBM a $3m contract to support the bank in a major program of modernization and business expansion. Under the terms of the agreement, IBM will provide hardware, software and IT services to support the bank in its business growth and its shift from manual financial processes to real-time financial services. With the new IT infrastructure, the bank plans to increase its number of accounts by 25% per year, launch 200 new ATMs per year and open 500 new branches ... (more)

Digg It category: Business | 1 comment | | source: bankingtechnology.banking-business-review.com tags: Bank, bekalu zeleke, CBE, commericial bank of ethiopia, news about ethiopia

Largest Cotton Farm in Tigray Brings Land Holdings to 7,400ht

published 232 days, 13 hours, 37 minutes ago posted by

admin 232 days, 13 hours, 40 minutes ago

The largest cotton plantation owner in Tigray Regional State, Almicom Agricultural Development, added 2,000ht to the land it holds on Thursday, June 9, 2011, to increase cotton production and ease the shortage faced by local textile factories. Due to the shortage, the government placed a prohibition on the export of raw cotton in September 2010. In 2010, Ethiopia imported around 12tn of cotton. Cotton production stood at 21,000... (more)

Digg It category: Business | 1 comment | | source: allafrica.com tags: addis fortune, Addis Ababa, Amanuel Asmelash, Export, news about ethiopia

allAfrica.com: Ethiopia: Automotive Trade Fair Opens With New Locally Assembled Geely Addis Cars

published 248 days, 23 hours, 37 minutes ago posted by

admin 248 days, 23 hours, 48 minutes ago

The International Automotive & Industrial Engineering Trade Fair opened on Wednesday, May 25, 2011, at the Addis Abeba Exhibition Centre. The trade fair, which has become an annual fixture for showcasing the latest trends in the automotive sector, integrated industrial engineering as a component in the event that was themed, “Scan globally, renovate locally.” This 1927 Mercedes replica was imported by Adika Tour and Travel Plc f... (more)

Digg It category: Business | comment | | source: allafrica.com tags: Addis Ababa, addis fortune, business opportunity, ethiopia, Workineh Zewdie

Ethiopian Potash share price soars, but on what?

published 248 days, 23 hours, 37 minutes ago posted by

admin 248 days, 23 hours, 39 minutes ago

Although there was no apparent news driving it, Ethiopian Potash's (TSX-V: FED) shareprice leapt by as much as 20 percent Monday, up from 75 to 90 cents on strong volume. The push upwards may come from investors in anticipation of drilling results from Ethiopian Potash's Danakil property, where it reports an inferred resource of 128 million tonne @ 21 percent potash. (more)

Digg It category: Business | comment | | source: www.mineweb.com tags: Afar, business, business opportunity, danakil, ethiopia, miningm, potash

Ethiopia's Commercial Growth Video by CNN

published 260 days, 13 hours, 38 minutes ago posted by

admin 260 days, 13 hours, 39 minutes ago

Ethiopia's Commercial Growth Video by CNN (more)

Digg It category: Business | comment | | source: www.diretube.com tags: agriculture, ECX, eleni gebremedhin, Ethiopia economy, Food

Ethiopia has five-year flower plan

published 271 days, 12 hours, 55 minutes ago posted by

admin 271 days, 12 hours, 58 minutes ago

Ethiopia looks likely to significantly grow in importance as a flower-producing nation over the coming years, mounting a challenge to Kenya’s dominance in the flower trade in Africa. Speaking last week, Tsegaye Abebe, head of Ethiopian Horticultural Producers and Exporters Association said land leases for flower cultivation are expected to double in the next five years, tripling the country’s income from horticultural produce to £335m. Ethiopia currently has 1,600 hectares given over to flower productio... (more)

Digg It category: Business | comment | | source: www.professionalflorist.co.uk tags: Ethiopia economy, Ethiopia export, Flower, Flower Export, tsegaye abebe

Heineken Wins Bid On Ethiopian Breweries

published 276 days, 13 hours, 36 minutes ago posted by

admin 276 days, 13 hours, 46 minutes ago

ADDIS ABABA, Ethiopia (AP) -- An Ethiopian official says Heineken has won a $163 million bid to buy two state-owned breweries. Private and Public Enterprises Supervising Agency spokesman Wondafrash Assefa said Tuesday the Netherlands-based brewer wants to expand the breweries and introduce other products, possibly including nonalcoholic beverages, in the East African nation. A Heineken spokesman told The Associated Press by phone that the company had not been notified about the government's final decis... (more)

Digg It category: Business | comment | | source: www.manufacturing.net tags: bedele brewery, business, harar, harar brewery, Heineken, news about ethiopia

Addis Abeba Developing New Land Grading System

published 276 days, 13 hours, 36 minutes ago posted by

admin 276 days, 13 hours, 36 minutes ago

The Addis Abeba City Administration has completed the first phase of a study to determine appropriate standard benchmarks on land lease prices and the valuation of property in the city. Upon the request of the Land Administration and Building Permit Authority of the city administration, the development of a new land grading system was undertaken by the Ethiopian Institute of Architecture, Building Construction and City Development (EiABC) at A... (more)

Digg It category: Business | comment | | source: allafrica.com tags: Addis Ababa, addis fortune, business, news about ethiopia

La Nina threatens 2 million Ethiopians with drought

published 278 days, 11 hours, 17 minutes ago posted by

admin 278 days, 11 hours, 43 minutes ago

More than two million Ethiopians are in need of food aid due to drought caused by one of the worst La Nina weather phenomenon in a decade, the United Nations said. Skip related content La Nina, which was blamed for Australia's floods this year, is an abnormal cooling of waters in the Pacific Ocean that wreaks havoc with weather patterns across the Asia-Pacific region, and has brought poor rains to the Horn of Africa. The U.N. humanitarian affairs office (UNOCHA) said the March-May rainy season had larg... (more)

Digg It category: Business | comment | | source: uk.news.yahoo.com tags: Addis Ababa, ethiopia, Food, food aid, la nina

Ethiopian issues RFP for 14 aircraft - Airfinance Journal - April 2011

published 289 days, 13 hours, 9 minutes ago posted by

admin 289 days, 13 hours, 22 minutes ago

Ethiopian Airlines is looking for about $1.45 billion to finance 14 Boeing aircraft. Read more: [Ethiopian Airlines][request for proposal (RFP)][$1.45 billion][Boeing 787-8][737-800][Kassim Geresu] Ethiopian Airlines has issued a request for proposal (RFP) for about $1.45 billion to finance a total of 14 Boeing aircraft. The aircraft include... Access to th... (more)

Digg It category: Business | 1 comment | | source: www.airfinancejournal.com tags: addis ababa in ethiopia, business, ethiopia, Ethiopian Airlines

Mesfin Industrial to Assemble 'Addis' Sedans

published 289 days, 13 hours, 9 minutes ago posted by

admin 289 days, 13 hours, 18 minutes ago

Mesfin Industrial Engineering Plc is set to embark on assembling sedan automobiles over the next two months with the launch of its assembly car, called "Addis," in collaboration with Geely International Co, a China based manufacturer of Geely cars. Mesfin Industrial Engineering, which was founded in September 1993, recently started exporting semitrailer fuel tankers with a 45,000-litre capacity and cost of around 48,000 doll... (more)

Digg It category: Business | comment | | source: allafrica.com tags: addis, Addis Ababa, addis fortune, business, Elias Gebreselassie, Mesfin Industrial Engineering

የመሬት አስተዳደር አገልግሎትን ለማሻሻል የ4.5 ሚሊየን ብር ፕሮጀክት ስምምነት ተፈረመ

published 293 days, 22 hours, 30 minutes ago posted by

admin 293 days, 22 hours, 32 minutes ago

የድሬዳዋ አስተዳደር ማዘጋጃ ቤት የመሬት አስተዳደር አገልግሎትን ለማሻሻል የሚያስችል የ4.5 ሚሊየን ብር የፕሮጀክት ስምምነት ከኢንታፕስ ኮንሰልታንሲ ኃላፊነቱ የተወሰነ የግል ማህበር ጋር ተፈራረመ፡፡ ሰብሰብ የሚያስችል፣ 15 ሺህ ከመሬት ጋር የተያያዙ መዝገቦችን አጣርቶ የይዞታ ማረጋገጫ የሚሰጥ፣ ለ50 ሺህ ነዋሪዎች አዲስ መታወቂያ የሚሰጥ በመሆኑ የባለጉዳዮችን አቤቱታ ዘጠና በመቶ (90%) እንደሚቀንስ በስምምነቱ ወቅት ተገልጿል፡፡ (more)

Digg It category: Business | comment | | source: www.dire-dawa.gov.et tags: business, dire dawa, ethiopia

Ethiopia at centre of global farmland rush-video

published 314 days, 16 minutes ago posted by

admin 314 days, 23 minutes ago

John Vidal on Ethiopia's land rush Link to this video It's the deal of the century: £150 a week to lease more than 2,500 sq km (1,000 sq miles) of virgin, fertile land – an area the size of Dorset – for 50 years. Bangalore-based food company Karuturi Global says it had not even seen the land when it was offered by the Ethiopian government with tax breaks thrown in. Karuturi snapped it up,... (more)

Digg It category: Business | comment | | source: www.guardian.co.uk tags: agriculture, business, ethiopia, John Vidal

Al-Amoudi to invest $2.5b in Ethiopia farm

published 316 days, 13 hours, 19 minutes ago posted by

admin 316 days, 13 hours, 30 minutes ago

Saudi Star Agri-cultural Development Plc, a food company owned by Sheikh Mohammed Al-Amoudi, said it plans to invest $2.5 billion by 2020 developing a rice-farming project in Ethiopia. The company, based in Addis Ababa, leased 10,000 hectares (24,711 acres) in Ethiopia’s western Gambella region for 60 years at a cost of 158 birr ($9.42) per hectare annually, Chief Executive Officer Haile Assegide said in an interview on March 18. It plans to rent an additional 290,000 hectares from the government, he sa... (more)

Digg It category: Business | comment | | source: nazret.com tags: agriculture, Al Amoudi, business, Food, food aid, Gambella, news about ethiopia

New Edible Oil Refineries to Be Inaugurated

published 318 days, 12 hours, 21 minutes ago posted by

admin 318 days, 12 hours, 23 minutes ago

Sudanese company has completed construction on two large manufacturing compounds in Bahir Dar Ashraf Agricultural Industrial Complex plc, a Sudanese company, has completed construction on two edible oil refineries in Bahir Dar, which have the capacity to produce 50tn of edible oil per day. They will be inaugurated on April 4, 2011, in the presence of high ranking officials from both countries. The company was established by Ashraf Seed Ahmed Al... (more)

Digg It category: Business | comment | | source: allafrica.com tags: addis fortune, Bahir Dar, development, ethiopia, Investment, Sudan

Virtual ICT City Under Construction

published 324 days, 12 hours, 52 minutes ago posted by

admin 324 days, 13 hours, 10 minutes ago

Construction of Ethiopia's first Information and Communications Technology (ICT) Park, under the supervision of the Ministry of Communications and Information Technology (MoCIT), has begun. During the first phase, an IT business incubation building, administration and data centres, as well as an MoCIT building is being constructed at an estimated cost of one billion Birr, on 70ht of the total 200ht allotted for the par, located in an area known ... (more)

Digg It category: Business | comment | | source: allafrica.com tags: Addis Ababa, EICTDA, ethiopia, Information Park, MoCIT, news about ethiopia

Ethiopia crucial business partner for Turkey

published 331 days, 9 hours, 49 minutes ago posted by

admin 331 days, 9 hours, 57 minutes ago

Foreign Trade Minister Zafer Çağlayan on Tuesday said Ethiopia will be an important partner for improving trade relations between African nations and Turkey. Speaking at a briefing of Turkish businessmen in Ethiopia’s capital of Addis Ababa, Çağlayan underlined Africa’s importance and added that the continent had been a forgotten land for Turkey, with trade between the two at only $5 billion in 2002, the year the ruling Justice and Development Party (AK Party) came to power. This figure had more than tr... (more)

Digg It category: Business | comment | | source: www.todayszaman.com tags: Addis Ababa, addis ababa in ethiopia, business, ethiopia

Habesha Cement to Link Quarry, Town by Road

published 331 days, 9 hours, 49 minutes ago posted by

admin 331 days, 9 hours, 49 minutes ago

Habesha Cement SC accepted bids, on Friday, March 4, 2011, to rent machinery and vehicles to begin clearing the site for its factory and for the construction of a road between its quarry and the nearest town. A total of 20 million Br has been set aside by the company for the construction of the road, according to Zelalem Admasu, manager of the contract administration and procurement department for the company, which was form... (more)

Digg It category: Business | comment | | source: allafrica.com tags: addis fortune, Elias Gebresleassie, Eskinder Desta, habesha cement, Habesha Cement Sc, Mersha Alemu, Nigeru Mulalaem

More on the Burnings of Churches in Ethiopia (Triggered by Allegations of Desecration of a Koran)

published 332 days, 10 hours, 12 minutes ago posted by

admin 332 days, 10 hours, 53 minutes ago

The Voice of America reports further developments and more details related to the story I noted yesterday: Police in Ethiopia have arrested 130 people described as religious extremists in connection with a series of church burnings in a Muslim-majority area.... Ethiopian government spokesman Shimelis Kemal told VOA two Christians had been killed in the incidents. In a telephone interview, he said police reinforcements had moved in and restored order. “In Jimma area, some extremists and some fundamen... (more)

Digg It category: Business | comment | | source: volokh.com tags: ethiopia, Jimma, news about ethiopia, religion

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